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Pomp and Construction: Colleges Go on a Building Tear

Across the U.S., universities are expanding their campuses as endowments increase and interest rates remain low

By

Constance Mitchell Ford

Updated June 24, 2015 12:24 a.m. ET

Last week, Cornell University officially kicked off construction of Cornell Tech, a $2 billion science, research and technology campus rising on Roosevelt Island in New York City.

When the first phase of the campus is completed in 2017, it will include three buildings, one of which will be dedicated to business and innovation. When fully completed in 2043, the campus will have 2 million square feet of space on 12 acres serving more...